Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Residential Industry Stronger than Expected

Residential Industry Stronger than Previously Expected

The construction industry is up 4.7% (by unadjusted value) compared to the same time last year, says Registered Master Builders Federation Chief Executive Pieter Burghout.

“The residential sector is staying strong, much stronger than was previously expected by the industry. And although the commercial sector has dropped away slightly in the last two quarters, it is still working off a high base,” says Mr. Burghout.

The recent Statistics New Zealand media release Building Consents Issued: October 2006 showed that the trend for the monthly value of residential building work decreased at the start of 2006 but has increased since March. The increases in consent value appear to be flowing through into statistics for residential building work put in place.

“Compared to past years, 2006 volume-wise is similar to that of 2004, which was still our second biggest year previously (2005 being the largest). We expect to see the construction industry holding steady for the next few months given the projected work volumes and building projects in the pipeline,” says Mr. Burghout.

Mr. Burghout was commenting on the recent Value of Building Work Put in Place media release by Statistics New Zealand for the 2006 September Quarter.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>


Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>


Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>